Mr. Cooper Group (NASDAQ:COOP) Releases Earnings Results, Beats Expectations By $0.08 EPS

Mr. Cooper Group (NASDAQ:COOP) posted its quarterly earnings data on Wednesday. The company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08, Zacks reports. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%.

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP traded down $0.19 during trading on Wednesday, hitting $107.14. 255,161 shares of the company traded hands, compared to its average volume of 476,086. The business’s fifty day moving average is $98.81 and its 200 day moving average is $94.70. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 0.31 and a beta of 1.43. Mr. Cooper Group has a fifty-two week low of $70.01 and a fifty-two week high of $108.44.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Piper Sandler increased their price objective on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, October 24th. Compass Point upped their target price on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JMP Securities started coverage on shares of Mr. Cooper Group in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 price target on the stock. Finally, Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.13.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the transaction, the chief executive officer now directly owns 788,821 shares in the company, valued at $76,973,153.18. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.33% of the stock is currently owned by corporate insiders.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.